major support at about 1350 and 1320 there. although technicals says that it'll go below that, but from my readings from the bullion, very hard to penetrate 1320. Btw, another FOMC meeting on 27th January. If dip also will dip on that day. From there it should start to climb slowly d

@Jebonen

I'm trying not to keep any bias in trading. My target for Gold and Silver is on 25.00 and 1327.90

However, I did saw a -ve divergence in Gold Weekly Chart. Its a weekly chart, so we do not know when the Gold will drop.

Its' the same mechanism like trading currency. With higher volatility

This post has been edited by mphpopular: Jan 21 2011, 07:44 AM

No offence... are you trading demo or real account? you have whopping 10 standard lots.... ??

Luqmanz: wow good trading der bro!

Kevlar: your using Elliot wave trading?

This morning analysis .... GU target for today is 5834 or 5992 ..

Kevlar is on real account trading with Elliot Wave. He's a very old member here. Knew him since long ago.

live account , yup 1 lot per trade , as i'm trying to boost my account with new trading dimension

Yes , but i'm also using price action and fundamental if necessary :-)


thanks mph for the introduction :-)

updated ,

currently 3 of 6 trading on GU has been turned to +ve pips since last night

and some trade on EJ and GJ already in green pips :-)

what a patience last night , as i held almost 800 dollars in -ve ...hahah

will update my trade after Friday prayer

u got try ibfx australia ? they offer everything


i think floating is mostly required as we dont know the market depth...

-700 bux out of how much equity ? nw might be -700 after reverse +1400 hehehehehe

ahha ..equity not much , several thousands only .started with 100 dolars since Nov '10

frankly speaking , i have checked the daily and weekly chart and i found there is still bullish movement since the signal positive buy

but i will update if the buy signal for daily and weekly chart against me this time :-)

new HINT : currently all pairs GU GJ EU EJ are strongly bullish ...you are most welcome to trade scalping now :-)

yeah in the larger TF most of them is showing bull for like the next few weeks, but then jan coming to and end.. soon and in feb the usual monthly reports will be out.. and with china/Chinese territory having cny nt sure hw will it affect the liquidity esp with usd...

apart from that will be on a long cny holiday with out internet hahahaha

well i tried scalping way back when i started with UJ and it was dirt shit tiring.. but it earn quite a lot.. playing/fiddling with M5..

100 dollar since nov10 to a few 1k now ? thats AMAZING, congrats . i think small consistent profits are they key... rather than trying to hit the jackpot ... once ur eq grow to a sizable amount and ur trading bigger lots but with the same consistant technique i can say you just hit the gold mine...

in fx everything is abt multiplier.. 100 bux you make abt 2 bux a month , 100k you make 2k a month.. thats very conservative... my 2 cents of trading since i started back in 08

yup JinXXX,

i prefer u to trade EU EJ GU GJ , as i'm already banned UJ from my trade, including EG ...hhaha

both pairs are not very good for me ..haha...i lose many times with UJ/EG as the market movement are too slow ...

for the profit , i'm trying to trade without putting any emotions , as it will harm all traders like us . Right ?

spoken as one that has gone through experience.. hehehe well all the best to us.. as for me i set a 10 year plan to reach financial freedom with fx.. hopefully i can reach my goal

I like your signature, agree 100% and it is not easy to have high tolerance level

Yup consistency ..small consistent profits is key.. with good consistency you can land a trading job with the hedge funds and banks ... and make RM240k salary per year not including trading bonuses .. hehehe

This post has been edited by luqmanz: Jan 21 2011, 12:22 PM

thx bro! I missed that out. happily demo with them hopefully can join you guys on live next week.

Anyone knows why Euro dropped tremendously in the past few weeks and now rising again?
I can't get any news related to the economy there using Google.

i think we can refer to this link below

http://www.bloomberg.com/news/2011-01-20/e...isters-say.html
http://www.bloomberg.com/news/2011-01-20/e...prevention.html

London is opening ... yay ....

everytime London opened its market on 4pm +8 GMT , i will be more careful if i'm trade with TF4H or 1H ...haha

Its moving towards the TP at 5834 ... looking good for now ....